COGH 1st Share Certificate to be issued in South Afr (05/28/2011)...

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COGH 1st Share Certificate to be issued in South Africa

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COGH 1st Share Certificate to be issued in South Africa

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Sold Date: 05/28/2011
Channel: Online Auction
Source: eBay
Category: Stamps

Cape of Good Hope. During the First Occupation of the Cape of Good Hope and part of the Second Occupation from 1795 to 1807 failed to the formally take up their position at the Cape ( Castle) . Administration during this period was left to the Secretary General Sir Andrew Francis Barnard, husband of the equally famous Lady Anne Barnard.At the urging of Lady Anne Barnard the first syndicate of 8 wealthy ( there was no Company Law to rely on at the Cape) individuals committed themselves a "Theatre and Buildings ( of the Theatre) ". The first Theatre at the Cape at the Boere Plein.. Each was given an Original Share Certificate . The cost of building the Theatre and its Building for about 120 people was estimated at 8000 rix dollars including running costs for the 1st year.A Sizable amount of money. Each paid for the share in full and within 9 months theatre was operational. Building actually started before each donor was formally given a share.8 shares in total were issued initially. The cost to register the 1st Share at the Cape ( South Africa) was 41/2 d whch are embossed on the original share certificate 1825 series but poor embosssing s T he value in this document is that it was one of the original 1st shares issued at the Cape by a very enterprising Sir Andrew Barnard and contains his rare signature. It represents the beginning of Company Law at the Cape. During the period that Lady Anne Barnard was at the Cape the Theatre was particularly popular. In addition to Plays , Orchestras it was also used for lectures. It became the First Cultural Center at the Cape. A Unique piece of history.
This lot consists of Original Share Certificate No 3 issued to Dr Edmund Soucess for the specific establishment of a Theatre and Buildings to be situated in Boere Plein ( Part of the Theatre remains up to today) The Share Certificate is a manuscript document drafted by the industrious Sir Andrew Barnard , and signed at the Castle of Good Hope on 1st December 1800 by Sir Andrew Barnard. In terms of the share certificate it could be split if needed into 3 equal parts for commercial purposes. . The Register of the Shares would rest with the Secretary's Office and could be used for commercial purposes similar to those envisaged by evolving company law in Great Britain.
This Original Share Certificate No 3 contains a number of interesting endorsements 22 December 1801 Dr Edmund Soucess transferrred the .entire share certificate to Mr Thomas W. Hessrow to cancel a loan he had received from Mr Thomas Hessrow in the amount of 1000 Rix Dollars.
On 27th October 1802 George Rex a lawyer duly made a copy of the Original Share Certificate to Mr Thomas Hessrow plus endorsement which Dr Soucess signed and gave it to Mr Hessrow and instructed Sir Andrew Barnard to recorded the fact that a copy had been made on the original share certificate lodged in Sir Andrew Barnard's Office.
Mr Hessrow passed away and his share in the "Theare and Buildings" was inherited by Mr.John Thomas Buckley.
On 6 February 1824 the executor of Mr. Hessrow estate A D.W. Hessrow instructed The Office of the Secretary of the Cape the fact that the Share certificate had been transfered to Sir John Thomas Buckly
In April 1839 The Office of the Secretary of the Cape was instructed by Sir John Thomas Buckly to transfer the share to Mr George Kemp. A copy of the share certificate and endorsements was sent o Mr Kemp by a lawyer Merrrington and an endorsement added on March 28th 1844 to the original share certificate still lodged in the office of the Secretary of the Cape of Good Hope .
In August 1840 a Registry of Deeds was established at the Castle and this share certificate registered formally by the first Registrar of deeds Cecil Zastron.Both the share and the plot were registered in separate registry.
On the 10th July 1844 the final endorsement was made to the Share Certificate transfering 1/3 to each of the following gentlemen Mr. Philip Dominion, Marquess Adolph Heckrath and Johan Forlob. The change in share...